.......... Creating confidence among investors, both foreign and Indian, is an arduous task and is certain to take lot of time. On the other hand, it takes no time for reputation to go down the hill. The policy of drift followed by the Government must quickly make way for decisive actions and reforms. Even if Government sends signals that long awaited measures and legislations would be taken up after elections in UP, that will shore up some confidence and make the RBI’s task that much easier. This battle, of arresting falling rupee, will have to be jointly fought by the Government and the RBI.
Read...............
